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Joint venture concludes acquisition of remaining shares in Malaga cruise port concession

eqs_en 
0 0 24.01.20
Joint venture concludes acquisition of remaining shares in Malaga cruise port concession
 

Global Ports Holding PLC (GPH)
Joint venture concludes acquisition of remaining shares in Malaga cruise port concession

24-Jan-2020 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

Global Ports Holding Plc

Joint venture concludes acquisition of remaining shares in Malaga cruise port concession

Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that, further to the Group's announcement on 20th August 2019, Creuers Del Port de Barcelona SA ("Creuers") has completed the purchase of Autoridad Portuaria de Malagas's (Malaga Port Authority) 20.0% holding in the Malaga cruise port concession for €1.5m. This increases Creuers ownership of the Malaga cruise port concession to 100% and GPH's effective ownership to 62% from 49.6%. This transaction is in line with GPH's strategy to buy out, at fair value, minority shareholdings where possible and appropriate to do so.             

 

CONTACT

 

 

For investor and analyst enquiries:

 

For media enquiries:

Global Ports Holding, Investor Relations

 

Brunswick Group LLP

Martin Brown, Investor Relations Director

 

Azadeh Varzi and Imran Jina

Telephone: +44 (0) 7947 163 687

 

Telephone: +44 (0) 20 7404 5959

Email: [email protected]

 

Email: [email protected]

 
ISIN: GB00BD2ZT390
Category Code: MSCH
TIDM: GPH
Sequence No.: 42386
EQS News ID: 960021

 
End of Announcement EQS News Service

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Global Ports Holding Stock

€2.76
-0.720%
The price for the Global Ports Holding stock decreased slightly today. Compared to yesterday there is a change of -€0.020 (-0.720%).

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